ABU DHABI / WAM The Association of Southeast Asian Nations (ASEAN) Committee, which consists of ...
Read More »TSMC cuts capital spending by 10% in a warning for tech sector
Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp reduction in expenditure — an important ...
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